Striving for an average growth of merchandise exports of 6-7%/year

Specifically, the strategy sets a target for the period of 2021 – 2025 to increase exports by 8 – 9% per year on average; the period 2026 – 2030 average growth of 5-6%/year.

Growth imports of goods an average of 5 – 6%/year in the period 2021 – 2030, of which in the period 2021 – 2025, the average import growth is 7-8%/year; the period 2026 – 2030 average growth of 4-5%/year.

Balance balance of trade in the period of 2021 – 2025, towards maintaining a sustainable trade surplus in the period 2026 – 2030; towards a healthy and reasonable trade balance with key trading partners.

Increase the proportion of export processing and manufacturing industrial goods to 88% of total export turnover by 2025 and 90% by 2030; in which, the export proportion of medium and high-tech goods will reach about 65% by 2025 and 70% by 2030.

Increase the proportion of export markets in the EU to 16 – 17% of total export turnover by 2025 and 18 – 19% by 2030; the Americas to 32 – 33% of total export turnover by 2025 and 33 – 34% by 2030; the share of export market in Asia is about 49 – 50% by 2025 and 46 – 47% by 2030.

Striving to increase the average export growth of goods by 6-7% per year. Illustration.

Regarding the export orientation of goods: In the period of 2021 – 2025, increase the rate of processing of key agricultural and aquatic products with production and export advantages, combined with building and developing typical brands of Vietnamese agricultural products; increase added value for labor-intensive and highly competitive products such as textiles, footwear, electronics, and medium-tech manufacturing products.

In the period 2026 – 2030, develop new products with high added value, deeply processed agricultural and aquatic products; medium- and high-tech manufacturing industrial products, applying achievements of the industrial revolution 4.0; supporting industrial products.

Regarding the development orientation of export and import markets: Diversify the market, avoid excessive dependence on one market area; towards a healthy and reasonable bilateral trade balance, ensuring sustainable growth in the long term.

Effectively exploiting market opening opportunities from international economic integration commitments in Free Trade Agreements to boost exports to major markets such as the EU, Japan, China, and South Korea. , ASEAN…

To step up the exploitation of potential markets such as the United States, Russia, Eastern Europe, Northern Europe, India, Africa, the Middle East and Latin America… aiming to build stable and long-term trade frameworks. long.

Continue to restructure the import market in the direction of reducing the proportion of imports from low-tech and intermediate technology markets, and increasing the proportion of imports from source technology markets.

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